ExodusPoint Capital Management LP Boosts Stock Position in Westrock Coffee (NASDAQ:WEST)

ExodusPoint Capital Management LP boosted its holdings in Westrock Coffee (NASDAQ:WEST - Free Report) by 562.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,467 shares of the company's stock after acquiring an additional 64,080 shares during the period. ExodusPoint Capital Management LP owned 0.08% of Westrock Coffee worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Westrock Coffee by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company's stock worth $18,059,000 after purchasing an additional 199,939 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Westrock Coffee by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 841,226 shares of the company's stock worth $5,402,000 after buying an additional 34,901 shares during the last quarter. State Street Corp lifted its stake in shares of Westrock Coffee by 2.0% in the 3rd quarter. State Street Corp now owns 649,553 shares of the company's stock valued at $4,222,000 after acquiring an additional 12,937 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Westrock Coffee by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock worth $1,827,000 after purchasing an additional 2,010 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Westrock Coffee by 15.7% in the fourth quarter. DAVENPORT & Co LLC now owns 238,675 shares of the company's stock valued at $1,532,000 after buying an additional 32,325 shares during the period. Institutional investors and hedge funds own 45.08% of the company's stock.

Insider Activity at Westrock Coffee

In related news, COO William A. Ford acquired 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the chief operating officer now owns 476,190 shares in the company, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.10% of the stock is owned by corporate insiders.

Westrock Coffee Price Performance

Shares of WEST stock traded down $0.05 during trading hours on Friday, reaching $5.51. The stock had a trading volume of 268,902 shares, compared to its average volume of 285,310. The stock's fifty day simple moving average is $6.42 and its 200 day simple moving average is $6.65. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $519.20 million, a PE ratio of -6.41 and a beta of 0.47. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99.

Analysts Set New Price Targets

WEST has been the subject of several recent analyst reports. Benchmark reiterated a "buy" rating and set a $10.00 price objective on shares of Westrock Coffee in a research report on Wednesday. Telsey Advisory Group reiterated an "outperform" rating and set a $9.00 price objective on shares of Westrock Coffee in a report on Wednesday, March 12th.

Westrock Coffee Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.